**Charity registration number 1183759**
## **WIGMORE LAWN TENNIS CLUB CIO**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **WIGMORE LAWN TENNIS CLUB CIO**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Ms Doris Ko||
|---|---|---|
||Ms L McKerchar||
||Mr P Moon||
||Mr R Rotti||
||Ms S O'Dwyer||
||Ms A Barrett||
||Mr D Knipe|(Appointed 13 March 2022)|
||Ms E Marshall Coley|(Appointed 13 March 2022)|
||Ms J Redfern|(Appointed 13 March 2022)|
||Mr P Hopkins|(Appointed 13 March 2022)|
|**Charity number**|1183759||
|**Principal address**|43 Becmead Avenue||
||Streatham||
||SW16 1UJ||
|**Independent examiner**|CB Reid Limited||
||Wadebridge House||
||16 Wadebridge Square||
||Poundbury||
||Dorchester||
||Dorset||
||DT1 3AQ||
## **WIGMORE LAWN TENNIS CLUB CIO**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 14|
## **WIGMORE LAWN TENNIS CLUB CIO**
## **TRUSTEES' REPORT** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
The trustees present their annual report and financial statements for the year ended 31 December 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the CIO's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
## **Objectives and activities**
The CIO's objectives are the advancement of amateur sport and the promotion of community participation in healthy recreation by (not exclusively) the provision of facilities and resources to enable the playing and coaching of tennis.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the CIO should undertake.
## **Achievements and performance**
The club's facilities have continued to be maintained and upgraded. In particular, the refurbishment of the pavilion was completed and lights for Court 8 were installed.
## **Financial review**
Wigmore’s financial position remains strong. Cash reserves at the period end totalled £190k. Income was above budget and the previous year’s income, driven by; increased subscriptions and increased bar profit.
It is the policy of the CIO that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to six months' expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the CIO’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the period.
The trustees have assessed the major risks to which the CIO is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
- 1 -
## **WIGMORE LAWN TENNIS CLUB CIO**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **Structure, governance and management**
The CIO is constituted under a document dated 24 March 2019 which can only be amended by resolution agreed in writing by all members of the CIO or by a resolution passed by a 75% majority of votes cast at a general meeting of the members of the CIO. Any amendments must be consistent with the provisions of the Charities Act 2011 or the General Regulations.
|The trustees who served during the year and up to the date of signature of the financial statements were:|The trustees who served during the year and up to the date of signature of the financial statements were:|
|---|---|
|Ms Doris Ko||
|Mr G Sprenger|(Resigned 13 March 2022)|
|Mr J Quinn|(Resigned 13 March 2022)|
|Ms L McKerchar||
|Mr P Moon||
|Mr P Thomson-Glover|(Resigned 13 March 2022)|
|Mr P Duckworth|(Resigned 13 March 2022)|
|Mr R Rotti||
|Ms S O'Dwyer||
|Mr A Callus|(Resigned 13 March 2022)|
|Ms A Barrett||
|Mr D Knipe|(Appointed 13 March 2022)|
|Ms E Marshall Coley|(Appointed 13 March 2022)|
|Ms J Redfern|(Appointed 13 March 2022)|
|Mr P Hopkins|(Appointed 13 March 2022)|
Members are invited to stand as trustees and are re-elected annually. A trustee can serve for a maximum of five years.
The CIO's current policy concerning the payment of trade creditors is to:
- settle the terms of payment with suppliers when agreeing the terms of each transaction;
- ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and
- pay in accordance with the CIO's contractual and other legal obligations.
The trustees' report was approved by the Board of Trustees.
..............................
**Mr P Hopkins** Trustee Dated: .........................
- 2 -
## **WIGMORE LAWN TENNIS CLUB CIO**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF WIGMORE LAWN TENNIS CLUB CIO**
I report to the trustees on my examination of the financial statements of Wigmore Lawn Tennis Club CIO (the CIO) for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the trustees of the CIO you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the CIO’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the CIO as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## **Matthew Haines FCA**
CB Reid Limited Wadebridge House 16 Wadebridge Square Poundbury Dorchester Dorset DT1 3AQ
Dated: .........................
- 3 -
## **WIGMORE LAWN TENNIS CLUB CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**Unrestricted Endowment**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
254
-
Charitable activities
**4**
166,997
-
Other trading activities
**5**
41,437
-
Other income
**6**
6,093
-
**Total income**
214,781
-
**Expenditure on:**
Raising funds
**7**
32,810
-
Charitable activities
**8**
163,516
-
**Total resources expended**
196,326
-
**Net income for the year/**
**Net movement in funds**
18,455
-
Fund balances at 1 January 2022
431,052
1,380,000
**Fund balances at 31 December 2022**
449,507
1,380,000|**Total**
**2022**
**£**
254
166,997
41,437
6,093
214,781
32,810
163,516
196,326
18,455
1,811,052
1,829,507|**Total**
**2021**
**£**
18,448
138,406
17,872
3,048|
|---|---|---|
|||177,774|
|||17,926|
|||121,811|
|||139,737|
|||38,037
1,773,015|
|||1,811,052|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 4 -
## **WIGMORE LAWN TENNIS CLUB CIO**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2022**_
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Stocks
**13**
Debtors
**14**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**16**
Net current assets
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**17**
**Net assets**
**Capital funds**
Endowment funds - general
**Income funds**
Unrestricted funds|**2022**
**£**
**£**
1,716,152
1,250
747
190,677
192,674
(64,319)
128,355
1,844,507
(15,000)
1,829,507
1,380,000
449,507
1,829,507|**2021**
**£**
**£**
1,724,116
2,500
1,196
161,619
165,315
(60,379)
104,936
1,829,052
(18,000)
1,811,052
1,380,000
431,052
1,811,052|
|---|---|---|
The financial statements were approved by the Trustees on .........................
.............................. Mr P Hopkins **Trustee**
- 5 -
## **WIGMORE LAWN TENNIS CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **1 Accounting policies**
## **Charity information**
Wigmore Lawn Tennis Club CIO is a Charitable Incorporated Organisation.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the CIO's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The CIO is a Public Benefit Entity as defined by FRS 102.
The CIO has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the CIO. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the CIO has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the CIO. The CIO carries an expendable endowment fund of £1.38m which represents the market value of the land transferred to the CIO on 6 November 2019 by Wigmore Lawn Tennis Club, an unincorporated members' club. Whilst the land from which the club operates could be sold, this is only possible with Charity Commission consent and provided that any purchaser continues to use the land for the operation of a tennis club.
## **1.4 Income**
Income is recognised when the CIO is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the CIO has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
- 6 -
## **WIGMORE LAWN TENNIS CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **1 Accounting policies**
**(Continued)**
Legacies are recognised on receipt or otherwise if the CIO has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Members' subscriptions received in advance are deferred and recognised in the period to which they relate.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.5 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings 8 years straight line basis Tennis courts 8 years straight line basis on original cost prior to gift to CIO Plant and equipment 5 years straight line basis
During the year the trustees decided to review the depreciation policy on computer equipment. As a result all computer equipment is now treated as consumable items.
Freehold land is not depreciated.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
The CIO has adopted the cost model in recognising its property, plant and equipment. Land with a market value of £1.38m and property including Club buildings and tennis courts with a market value of £97,077 were transferred to the CIO on 6 November 2019.
Land was valued by Messrs Tyser Greenwood, Chartered Surveyors. Club buildings and courts were valued by the CIO's Trustees with reference to their previous carrying value in the accounts of Wigmore Lawn Tennis Club.
## **1.6 Impairment of fixed assets**
At each reporting end date, the CIO reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
- 7 -
## **WIGMORE LAWN TENNIS CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **1 Accounting policies**
## **(Continued)**
## **1.7 Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The CIO has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the CIO's balance sheet when the CIO becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the CIO’s contractual obligations expire or are discharged or cancelled.
- 8 -
## **WIGMORE LAWN TENNIS CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **2 Critical accounting estimates and judgements**
In the application of the CIO’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
||**Unrestricted **|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2022**|**2021**|
||**£**|**£**|
|Donations and gifts|254|255|
|Government grants|-|18,193|
||254|18,448|
## **4 Charitable activities**
|**Charitable**
**Income**
**Charitable**
**Income**
**2022**
**2021**
**£**
**£**
Floodlight income
3,545
420
Membership subscriptions
163,452
137,986
166,997
138,406|**Charitable**
**Income**
**Charitable**
**Income**
**2022**
**2021**
**£**
**£**
Floodlight income
3,545
420
Membership subscriptions
163,452
137,986
166,997
138,406|**Charitable**
**Income**
**Charitable**
**Income**
**2022**
**2021**
**£**
**£**
Floodlight income
3,545
420
Membership subscriptions
163,452
137,986
166,997
138,406|
|---|---|---|
||**2022**
**£**
3,545
163,452
166,997|**2021**
**£**
420
137,986|
|||138,406|
## **5 Other trading activities**
||**Unrestricted **|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2022**|**2021**|
||**£**|**£**|
|Bar income|41,437|17,872|
- 9 -
## **WIGMORE LAWN TENNIS CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **6 Other income**
|**Unrestricted Unrestricted**
**funds**
**funds**
**2022**
**2021**
**£**
**£**
Other income
6,093
3,048
**7**
**Trading costs**
**Unrestricted Unrestricted**
**funds**
**funds**
**2022**
**2021**
**£**
**£**
Bar costs
32,810
17,926
32,810
17,926
**8**
**Charitable activities**
**Expenses**
**Expenses**
**2022**
**2021**
**£**
**£**
Depreciation and impairment
75,461
61,957
Administration costs
7,055
10,856
Court and grounds maintenance
23,947
8,465
Light and heat
11,062
716
General repairs and maintenance
25,014
23,852
Cost of social events
3,664
2,216
Bank and card machine charges
2,438
2,224
Website costs
1,817
1,966
Telephone and internet
1,260
1,003
Tournament and match expenses
5,505
2,908
Subscriptions and levies
1,274
1,248
Insurance
2,871
2,960
161,368
120,371
Share of governance costs (see note 9)
2,148
1,440
163,516
121,811|**Unrestricted Unrestricted**
**funds**
**funds**
**2022**
**2021**
**£**
**£**
Other income
6,093
3,048
**7**
**Trading costs**
**Unrestricted Unrestricted**
**funds**
**funds**
**2022**
**2021**
**£**
**£**
Bar costs
32,810
17,926
32,810
17,926
**8**
**Charitable activities**
**Expenses**
**Expenses**
**2022**
**2021**
**£**
**£**
Depreciation and impairment
75,461
61,957
Administration costs
7,055
10,856
Court and grounds maintenance
23,947
8,465
Light and heat
11,062
716
General repairs and maintenance
25,014
23,852
Cost of social events
3,664
2,216
Bank and card machine charges
2,438
2,224
Website costs
1,817
1,966
Telephone and internet
1,260
1,003
Tournament and match expenses
5,505
2,908
Subscriptions and levies
1,274
1,248
Insurance
2,871
2,960
161,368
120,371
Share of governance costs (see note 9)
2,148
1,440
163,516
121,811|**Unrestricted Unrestricted**
**funds**
**funds**
**2022**
**2021**
**£**
**£**
Other income
6,093
3,048
**7**
**Trading costs**
**Unrestricted Unrestricted**
**funds**
**funds**
**2022**
**2021**
**£**
**£**
Bar costs
32,810
17,926
32,810
17,926
**8**
**Charitable activities**
**Expenses**
**Expenses**
**2022**
**2021**
**£**
**£**
Depreciation and impairment
75,461
61,957
Administration costs
7,055
10,856
Court and grounds maintenance
23,947
8,465
Light and heat
11,062
716
General repairs and maintenance
25,014
23,852
Cost of social events
3,664
2,216
Bank and card machine charges
2,438
2,224
Website costs
1,817
1,966
Telephone and internet
1,260
1,003
Tournament and match expenses
5,505
2,908
Subscriptions and levies
1,274
1,248
Insurance
2,871
2,960
161,368
120,371
Share of governance costs (see note 9)
2,148
1,440
163,516
121,811|
|---|---|---|
||**2022**
**£**
75,461
7,055
23,947
11,062
25,014
3,664
2,438
1,817
1,260
5,505
1,274
2,871
161,368
2,148
163,516|**2021**
**£**
61,957
10,856
8,465
716
23,852
2,216
2,224
1,966
1,003
2,908
1,248
2,960|
|||120,371
1,440|
|||121,811|
- 10 -
## **WIGMORE LAWN TENNIS CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **9 Governance costs**
|Accountancy and Independent Examination
Legal and professional
Analysed between
Charitable activities|**2022**
**£**
1,500
648
2,148
2,148|**2021**
**£**
1,440
-|
|---|---|---|
|||-|
|||1,440|
## **10 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the CIO during the year.
## **11 Employees**
The average monthly number of employees during the year was:
||**2022**|**2021**|
|---|---|---|
||**Number**|**Number**|
|Total|-|-|
There were no employees whose annual remuneration was more than £60,000.
## **12 Tangible fixed assets**
|**Freehold land**
**and buildings**
**£**
**Cost**
At 1 January 2022
1,794,607
Additions
9,816
At 31 December 2022
1,804,423
**Depreciation and impairment**
At 1 January 2022
81,906
Depreciation charged in the year
61,059
At 31 December 2022
142,965
**Carrying amount**
At 31 December 2022
1,661,458
At 31 December 2021
1,712,702|**Plant and**
**equipment**
**£**
13,858
57,682
71,540
2,539
14,307
16,846
54,694
11,319|**Computers**
**£**
159
-
159
159
-
159
-
95|**Total**
**£**
1,808,624
67,498|
|---|---|---|---|
||||1,876,122|
||||84,604
75,366|
||||159,970|
||||1,716,152|
||||1,724,116|
- 11 -
## **WIGMORE LAWN TENNIS CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**12**
**Tangible fixed assets**
The carrying value of land included in land and buildings comprises:
Freehold
**13**
**Stocks**
Bar stock
**14**
**Debtors**
**Amounts falling due within one year:**
Prepayments and accrued income
**15**
**Loans and overdrafts**
Other loans
Payable within one year
Payable after one year|**(Continued)**
**2022**
**2021**
**£**
**£**
1,380,000
1,380,000
**2022**
**2021**
**£**
**£**
1,250
2,500
**2022**
**2021**
**£**
**£**
747
1,196
**2022**
**2021**
**£**
**£**
17,000
20,000
2,000
2,000
15,000
18,000|**(Continued)**
**2022**
**2021**
**£**
**£**
1,380,000
1,380,000
**2022**
**2021**
**£**
**£**
1,250
2,500
**2022**
**2021**
**£**
**£**
747
1,196
**2022**
**2021**
**£**
**£**
17,000
20,000
2,000
2,000
15,000
18,000|
|---|---|---|
||||
||**2022**
**£**
1,380,000||
|||**2021**
**£**
2,500|
||||
||**2022**
**£**
1,250
**2022**
**£**
747
**2022**
**£**
17,000
2,000
15,000||
|||**2021**
**£**
1,196|
|||**2021**
**£**
20,000|
|||2,000
18,000|
## **16 Creditors: amounts falling due within one year**
|**Notes**
LTA loan
Deferred income
**18**
Accruals and deferred income|**2022**
**£**
2,000
59,785
2,534
64,319|**2021**
**£**
2,000
56,939
1,440|
|---|---|---|
|||60,379|
- 12 -
## **WIGMORE LAWN TENNIS CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**17**
**Creditors: amounts falling due after more than one year**
**2022**
**£**
LTA loan
15,000
**18**
**Deferred income**
**2022**
**£**
Arising from membership subscriptions
received in advance
59,785
Deferred income is included in the financial statements as follows:
**2022**
**£**
Deferred income is included within:
Current liabilities
59,785
59,785
Movements in the year:
Deferred income at 1 January 2022
56,939
Released from previous periods
(56,939)
Resources deferred in the year
59,785
Deferred income at 31 December 2022
59,785
**19**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Endowment**
**funds**
**Total Unrestricted**
**funds**
**Endowment**
**funds**
**2022**
**2022**
**2022**
**2021**
**2021**
**£**
**£**
**£**
**£**
**£**
Fund balances at 31
December 2022 are
represented by:
Tangible assets
336,152
1,380,000
1,716,152
344,116
1,380,000
Current assets/(liabilities)
128,355
-
128,355
104,936
-
Long term liabilities
(15,000)
-
(15,000)
(18,000)
-
449,507
1,380,000
1,829,507
431,052
1,380,000|**17**
**Creditors: amounts falling due after more than one year**
**2022**
**£**
LTA loan
15,000
**18**
**Deferred income**
**2022**
**£**
Arising from membership subscriptions
received in advance
59,785
Deferred income is included in the financial statements as follows:
**2022**
**£**
Deferred income is included within:
Current liabilities
59,785
59,785
Movements in the year:
Deferred income at 1 January 2022
56,939
Released from previous periods
(56,939)
Resources deferred in the year
59,785
Deferred income at 31 December 2022
59,785
**19**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Endowment**
**funds**
**Total Unrestricted**
**funds**
**Endowment**
**funds**
**2022**
**2022**
**2022**
**2021**
**2021**
**£**
**£**
**£**
**£**
**£**
Fund balances at 31
December 2022 are
represented by:
Tangible assets
336,152
1,380,000
1,716,152
344,116
1,380,000
Current assets/(liabilities)
128,355
-
128,355
104,936
-
Long term liabilities
(15,000)
-
(15,000)
(18,000)
-
449,507
1,380,000
1,829,507
431,052
1,380,000|**2022**
**£**
15,000
**2022**
**£**
59,785|**2021**
**£**
18,000
**2021**
**£**
56,939
**2021**
**£**
56,939
56,939
51,780
(51,780)
56,939
56,939
**Total**
**2021**
**£**
1,724,116
104,936
(18,000)
1,811,052|
|---|---|---|---|
|||||
||**2022**
**£**
59,785
59,785
56,939
(56,939)
59,785
59,785
**Total Unrestricted**
**funds**
**Endowment**
**funds**
**2022**
**2021**
**2021**
**£**
**£**
**£**
1,716,152
344,116
1,380,000
128,355
104,936
-
(15,000)
(18,000)
-
1,829,507
431,052
1,380,000|||
- 13 -
## **WIGMORE LAWN TENNIS CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **20 Related party transactions**
During the period there were no related party transactions other than expenses listed below.
Trustee and members were reimbursed a total of £10,795 in respect of costs incurred on behalf of the CIO during the year.
During the year, Mark Longden (Member) was paid £6,690 (2021 - £7,305) for his work as Club Manager, Mike Nation (Member) was paid £2,856 (2021 - £6,536) for a garden contract and Nick Eastwood (Member) was paid £1,249 (2021 - £582) for bar work.
- 14 -